Financial Accounting & Reporting (FA&R)

Course details

OVERVIEW: The Financial Accounting and Reporting course in Dubai provides professionals with a comprehensive overview of the latest developments and best practices in corporate finance. During this Financial Accounting and Reporting course, participants learn to analyze profit and loss statements, evaluate financial reports and receivables, and recognize revenue. Furthermore, through this Financial Accounting training, professionals get a deeper understanding of long-term liabilities and the analysis of balance sheet accounts.

CAREER OPPORTUNITIES:

Market Trends: Finance is at the core of every business, and therefore expertise in financial reporting is highly sought after. According to the Bureau of Labor Statistics, the employment growth of financial analysts is predicted to grow by between 2019 and 2029. Financial Analysts have been ranked 18th in the category of best business jobs across the globe. As the reports above demonstrate, there are numerous opportunities for Certified Financial Accounting and Reporting professionals.

Salary Trends: The importance of financial reporting in business has made financial analysts indispensable to companies, resulting in high demand and competitive salaries. Experts in financial reporting have impressive earning potential due to their knowledge and expertise in the field. According to , the salary growth potential of Financial Analysts is 28% in the next 5 years. In the UAE, the average salary for Financial Analysts is AED 290,606 per annum.

Demand and Opportunities: In 2020, expertise in financial reporting and analysis was in high demand due to the volatile market conditions. The Bureau of Labor Statistics reports that the employment of accountants and auditors is estimated to grow by 11% from 2014 to 2024, while employment of financial analysts is estimated to grow by 6%. With 41000 financial analyst jobs opening every year, it is clear that there is a great demand for financial analysts in the job market.

COURSE OUTLINE:

Financial Statement and Business Decisions

• The financial accounting cycle
• Four or five key financial statements
• Management uses of financial statements
• Relationship among financial statements
• Essential notes and disclosures to the financial statements
• Simulation 1: Reporting on general information, the basis of preparation, and significant accounting policies

Income Statement

• Revenue and expense recognition: applying the accrual basis
• Matching principle between revenues and expenses
• Other comprehensive income components
• Earnings per share reporting
• Simulation 2: Mapping accounts and preparing income statements using Excel
• Simulation 3: Creating income statement disclosures

Balance Sheet and Statement of Owner’s Equity

• Minimum presentation requirements of balance sheet accounts
• Definitions of accounts in the balance sheet
• Correct presentation for the statement of owners' equity
• Simulation 4: Mapping accounts and preparing equity and balance sheet using excel

Cash Flow Statement

• Exploring the three sections of cash flow statements
• Direct versus indirect method of cash flow statement preparation
• Linking cash flow statements to notes

Accounting Adjustments

• Accruals and unearned revenues
• Prepayments and deferrals
• Accounting estimates

Financial Reporting for Major Accounts and Transaction

• Measuring and reporting accounts receivable
• Estimating and accounting for bad debts
• Costs to be capitalized in inventory value
• Inventory cost flow assumptions
• Presenting inventory at a lower cost or net realizable value
• Simulation 5: Hands-on preparation of disclosures on current assets
• Classifying, measuring, and recording long-lived assets
• Repairs, maintenance, and additions to long-lived assets
• Depreciation and amortization
• Disposal of long-lived assets
• Accounting and reporting for intangibles
• Accounting for investments
• Simulation 6: Hands-on preparation of disclosures on non-current assets
• Definitions and classification of liability accounts
• Types of ownership and stock
• Accounting for capital and dividends
• Simulation 7: Required disclosures on long-term obligations and equity
• Wrapping it up: Linking notes to the face of financial statements

KEY TAKEAWAYS:

Upon completion of our Financial Accounting and Reporting course, the candidate will be able to:

• Determine the best structure and presentation of the financial statements
• Identify periodical adjustments and their effects on financial statements
• Reconcile assets, liabilities, equity, revenues, and expenses for recurring and nonrecurring transactions
• Determine the minimum disclosure requirements for major accounts of transactions in financial statements
• Create comprehensive financial statements by starting with raw trial balances and ending with full disclosures

ACCREDITATION:

Our Financial Accounting courses in Dubai are accredited by ISO 9001: 2015 and the Knowledge and Human Development Authority (KHDA).

ALUMNI: Our academy graduates of Financial Accounting courses in Dubai are successfully placed in some of the top-notch companies in Dubai like Jumeirah, Aramex, Airarabia, Damac, Emaar, etc. They are entrepreneurs, career changers, and lifelong learners.

WHY LEARNER’S POINT:

Being the leading provider of the Financial Accounting and Reporting course in Dubai, we have substantial experience in teaching relevant skills and knowledge.
Our Financial Accounting training offers the following advantages:

• Our Financial Reporting courses Dubai are designed based on real-world scenarios, formulating and evaluating practical requirements
• Our Financial Accounting and Reporting course strives to provide a reality check and insight into the requirements of a challenging role and how to fulfill it
• Our Financial Accounting and Reporting training course also provide live interactive sessions and hands-on experience through assignments associated with the actual work environment
• To enhance the learning experience of our students we provide organized group sessions and integrated training modules in our Financial Reporting courses

Updated on 22 August, 2024